Solved: What is expected value of loss due to exchange rate change, Accounting Basics

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What is expected value of loss due to exchange rate change

Problem: Suppose the losses due to exchange rate fluctuation to XYZ Inc have the following distribution

$2,000,000 with probability of 0.05
$1,000,000 with probability of 0.08
Loss = $ 800,000 with probability of 0.15
$ 20,000 with probability of 0.12
$0 with probability of 0.60

What is the expected value of loss due to exchange rate change?

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Accounting Basics: What is expected value of loss due to exchange rate change

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